National firm Shoosmiths has posted a 9% rise in revenue from £107m to £116.7m, but profit per equity partner (PEP) at the firm has remained flat at £366,000.
After a subdued 2015/16 financial year, Pinsent Masons has broken the £400m barrier with revenues up 11% from £382.3m to £423.1m in 2016/2017.
Financials 2017: Linklaters sees currency impact drive 10% income hike as PEP surges 8% to hit £1.5m
Global revenue at Linklaters was up 9.8% in 2016/17 to £1.44bn, a record high for the Magic Circle firm, although the leap was largely due to the strong euro and dollar and the weak pound. In constant currency terms, revenue rose 1.7%.
A year of turbulence and tough markets in Europe has apparently taken its toll on the region’s legal market with CMS seeing growth stall with group revenues hitting €999m for 2016. Continue reading “Financials 2017: Tough markets see CMS growth stall as group revenues dip below €1bn”
With City law firms braced for Brexit-related shocks, the first 2016/17 results from a major London practice will ease Square Mile nerves with Simmons & Simmons today (8 June) confirming a 7% hike in revenues and an emphatic rise in partner profits.